Insider Selling: On Track Innovations Ltd (OTIV) CEO Sells 54,938 Shares of Stock

On Track Innovations Ltd (NASDAQ:OTIV) CEO Shlomi Cohen sold 54,938 shares of the stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $0.73, for a total transaction of $40,104.74. Following the sale, the chief executive officer now directly owns 52,984 shares of the company’s stock, valued at approximately $38,678.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

OTIV traded up $0.01 on Friday, reaching $0.78. 3,364 shares of the company’s stock were exchanged, compared to its average volume of 92,027. The company has a market cap of $31.88 million, a PE ratio of -19.50 and a beta of 1.59. On Track Innovations Ltd has a twelve month low of $0.65 and a twelve month high of $2.94.

A number of analysts recently issued reports on OTIV shares. Taglich Brothers started coverage on shares of On Track Innovations in a research report on Thursday, October 25th. They set a “speculative buy” rating for the company. TheStreet raised shares of On Track Innovations from a “d+” rating to a “c-” rating in a research report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.00.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/23/insider-selling-on-track-innovations-ltd-otiv-ceo-sells-54938-shares-of-stock.html.

About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

Read More: Technical Analysis

Receive News & Ratings for On Track Innovations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Track Innovations and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply